{"id":784,"date":"2020-04-28T11:04:42","date_gmt":"2020-04-28T03:04:42","guid":{"rendered":"http:\/\/localhost:8888\/?p=784"},"modified":"2025-12-26T18:01:42","modified_gmt":"2025-12-26T10:01:42","slug":"residential-real-estate-purchase-decisions-in-australia-is-it-more-than-location","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2020\/04\/28\/residential-real-estate-purchase-decisions-in-australia-is-it-more-than-location\/","title":{"rendered":"Residential Real Estate Purchase Decisions in Australia: Is It More Than Location?"},"content":{"rendered":"\t\t
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Article<\/div>

Residential Real Estate Purchase Decisions in Australia: Is It More Than Location?<\/p>

Author<\/p>

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Volume<\/p>

Issue Number<\/p>

Year<\/p>

Publication<\/p><\/div>

<\/p>

Thanakon Ratchatakulpat, Peter Miller, Teresa Marchant<\/p>

273 \/ 294<\/p>

12<\/p>

3<\/p>

2009<\/p>

International Real Estate Review<\/p><\/div>

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Abstract<\/p>


This study investigates the factors that prospective buyers consider when purchasing residential property in Queensland, Australia. A drop-off survey is used, with 376 property buyers and a response rate of 62.7 percent. Affordability, maintenance and interior design, and a good neighbourhood are considered as most important. Of least importance are the affluence and quality of the area, water, views and roads, and features, such as a pool or air-conditioning. Therefore, location is important in the sense of neighbourhood and community, rather than prestige. Affordability should receive more attention in the literature and real estate marketing. Different market segments consider a number of factors when purchasing residential property. Since the factors vary according to the purpose (live in or investment) and the property type (house or unit), these variables provide a basis for identifying market segments. Agents can use the findings to better understand buyers. Researchers can further analyse buyer considerations and property characteristics to condense a large number of factors into a small number of coherent dimensions. The study may be limited by its focus on a geographical section of the Australian real estate market and some difficulties in identifying and operationalising property characteristics.<\/p>

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View PDF -https:\/\/doi.org\/10.53383\/100115<\/strong><\/a><\/p>

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Author<\/p>\n

Start Page \/ End Page<\/p>\n

Volume<\/p>\n

Issue Number<\/p>\n

Year<\/p>\n

Publication<\/p>\n<\/div>\n

\n<\/p>\n

Thanakon Ratchatakulpat, Peter Miller, Teresa Marchant<\/p>\n

237 \/ 294<\/p>\n

12<\/p>\n

3<\/p>\n

2009<\/p>\n

International Real Estate Review<\/p>\n<\/div>\n

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